14,694 Shares in Crown Holdings, Inc. $CCK Purchased by Redwood Investment Management LLC

Key Points

• Redwood Investment Management LLC recently acquired a new stake in Crown Holdings, purchasing 14,694 shares valued at approximately $1,312,000.
• Analysts have raised their price targets for Crown Holdings, with Morgan Stanley and UBS Group setting targets at $118.00 and $130.00 respectively, indicating strong market outlook.
• Crown Holdings reported earnings of $2.15 per share in its last quarterly results, exceeding analysts' expectations and demonstrating a revenue increase of 3.6% compared to the previous year.

Redwood Investment Management LLC purchased a new position in Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,694 shares of the industrial products company's stock, valued at approximately $1,312,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in Crown by 47.6% during the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock worth $30,000 after purchasing an additional 107 shares during the period. Signaturefd LLC increased its holdings in Crown by 161.2% during the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock worth $35,000 after purchasing an additional 245 shares during the period. National Pension Service increased its holdings in Crown by 74.4% during the 1st quarter. National Pension Service now owns 443 shares of the industrial products company's stock worth $40,000 after purchasing an additional 189 shares during the period. Brooklyn Investment Group increased its holdings in Crown by 39.4% during the 1st quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company's stock worth $58,000 after purchasing an additional 184 shares during the period. Finally, Colonial Trust Co SC increased its holdings in Crown by 88.0% during the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock worth $62,000 after purchasing an additional 352 shares during the period. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Crown Stock Down 0.7%

Shares of Crown stock traded down $0.72 during trading on Friday, reaching $99.42. The company's stock had a trading volume of 787,402 shares, compared to its average volume of 1,051,875. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 20.89, a P/E/G ratio of 1.52 and a beta of 0.74. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48. The company has a 50-day simple moving average of $103.02 and a two-hundred day simple moving average of $95.89.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.29. Crown had a return on equity of 27.15% and a net margin of 4.64%.The firm had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same quarter last year, the firm earned $1.81 EPS. The business's quarterly revenue was up 3.6% on a year-over-year basis. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. As a group, equities analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. Crown's payout ratio is currently 21.85%.

Insider Transactions at Crown

In other Crown news, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $102.93, for a total transaction of $846,290.46. Following the completion of the transaction, the chief accounting officer owned 122,585 shares in the company, valued at approximately $12,617,674.05. This trade represents a 6.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Timothy J. Donahue sold 13,000 shares of Crown stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $100.52, for a total value of $1,306,760.00. Following the transaction, the chief executive officer owned 449,056 shares of the company's stock, valued at $45,139,109.12. The trade was a 2.81% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,222 shares of company stock valued at $5,873,770. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on CCK. Wells Fargo & Company raised their price objective on Crown from $101.00 to $110.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Robert W. Baird increased their target price on Crown from $105.00 to $110.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Mizuho increased their target price on Crown from $110.00 to $127.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Citigroup reaffirmed a "buy" rating on shares of Crown in a research report on Wednesday, July 23rd. Finally, Truist Financial reaffirmed a "hold" rating and set a $118.00 target price (up previously from $117.00) on shares of Crown in a research report on Wednesday, July 23rd. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $120.67.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.